Simon Sustainability Report 2021


SUSTAINABILITY STRATEGY Our sustainability vision is to be recognized as a leader in sustainable retail real estate development and operations. In 2020, we updated our sustainability strategy as ‘Creating Sustainable Centers’ and set new focus areas and long-term commitments to having a positive social and economic impact while reducing our environmental footprint. The four key areas of our sustainability framework are outlined below:

COMMUNITIES Build strong communities through development and engagement activities that have a positive social and economic impact at the local level. Simon is committed to : ■ Creating a positive impact on over 204 million residents living near our centers. ■ Graduating the 30,000 Simon Youth Foundation (SYF) students by the end of the 2024-2025 academic year. EMPLOYEES Maintaining a culture that attracts and retains the sector’s best talent through thoughtful employee engagement. Simon is committed to : ■ Participating in The Disability Equality Index annually, and being named among D&I’s Best Places to Work for Disability Inclusion. ™ ■ Providing ethics training to 100% of full-time employees within 30 days of hire. ■ Establishing an annual employee Sustainability Innovation Award.

CUSTOMERS Responding to customers’ needs and assisting our tenants to succeed in their business by enhancing the shopping experience at Simon centers. Simon is committed to : ■ Continuing to expand our tenant engagement initiative to collaborate with tenants and reduce our scope 3 carbon emissions by 21% by 2035. ■ Maintaining the WELL Health-Safety Ratings at our centers through 2022. ■ Providing EV charging stations at 100% of our properties. ENVIRONMENT Effectively develop and operate our properties with innovative solutions that reduce our environmental footprint as well as our operational costs. Simon is committed to : ■ 68% reduction in scope 1 and 2, and 21% reduction in scope 3 GHG emissions by 2035. ■ Developing a low carbon transition plan. ■ Minimizing water usage by reducing consumption at our centers by 20% between 2013 and 2025 4 . ■ Incorporating sustainable development guidelines in all new (re)developments. ■ Increasing the number of green building certifications annually.

4. Target was achieved in 2020 and a new target will be set in 2023








Made with FlippingBook Annual report maker